|Appears in Collections:||Economics Journal Articles|
|Peer Review Status:||Refereed|
|Title:||Real wage cyclicality and the Great Depression: evidence from British engineering and metal working firms|
|Author(s):||Hart, Robert A|
Roberts, J Elizabeth
|Citation:||Hart RA & Roberts JE (2013) Real wage cyclicality and the Great Depression: evidence from British engineering and metal working firms, Oxford Economic Papers, 65 (2), pp. 197-218.|
|Abstract:||Based on occupation-level payrolls from around 2000 member firms of the British Engineering Employers' Federation we examine the behaviour of real hourly earnings over the 1927-1937 Great Depression cycle. Pay and working time data cover adult male blue-collar workers within engineering and metal working firms. We attempt to tackle the problem of countercyclical aggregation bias linked to workforce composition by distinguishing between pieceworkers and timeworkers who are broken down into 14occupations and 51 travel-to-work engineering districts. We test for the likely effects on our estimates of within-occupation heterogeneity. For pieceworkers we find significant, though modest, real hourly wage procyclicality. Timeworkers' real hourly wages are found to be acyclical. Due to procyclical fluctuations in weekly hours, the real weekly pay of both pieceworkers and timeworkers are strongly procyclical. We compare hourly and weekly pay outcomes with findings based on more recent micro data.|
|Rights:||The publisher does not allow this work to be made publicly available in this Repository. Please use the Request a Copy feature at the foot of the Repository record to request a copy directly from the author. You can only request a copy if you wish to use this work for your own research or private study.|
|Hart_2012_Real_wage_cyclicality.pdf||371.49 kB||Adobe PDF||Under Permanent Embargo Request a copy|
Note: If any of the files in this item are currently embargoed, you can request a copy directly from the author by clicking the padlock icon above. However, this facility is dependent on the depositor still being contactable at their original email address.
This item is protected by original copyright
Items in the Repository are protected by copyright, with all rights reserved, unless otherwise indicated.
If you believe that any material held in STORRE infringes copyright, please contact email@example.com providing details and we will remove the Work from public display in STORRE and investigate your claim.